Iran War Ceasefire Fragile as US Rejects Tehran’s Latest Offer

The 10-week ceasefire between Iran and the US is becoming fragile as US President Trump rejected Iran’s latest offer, raising doubts about its sustainability. Shipping traffic in the Strait of Hormuz remains halted, driving up oil prices and putting pressure on bond markets due to rising energy costs. President Trump supports a gasoline tax holiday to alleviate consumer burdens.